Which of the Following Statements Is False

Multiple Choice

Which of the following statements is false?

A) In most western economies, markets play a central role in allocating resources among competing uses.
B) In a market economy, prices do not play an important role in allocating of society's scarce resources.
C) Markets can answer the "what," "how," and "for whom" questions faced by every society.
D) Markets consist of both buyers and sellers of a good or service.